Headlines about Calgon Carbon Corporation (NYSE:CCC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Calgon Carbon Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.4611059526579 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Calgon Carbon Corporation (CCC) Downgraded by BidaskClub (americanbankingnews.com)
- Calgon Carbon Corp. – Value Analysis (NYSE:CCC) : August 18, 2017 (finance.yahoo.com)
- Calgon Carbon Corporation (CCC) Receives $17.40 Consensus Target Price from Analysts (footballhebdo.com)
- Calgon Carbon Corporation’s (CCC) “Buy” Rating Reaffirmed at Sidoti (campdesrecrues.com)
- Calgon Carbon Corporation (NYSE:CCC) Lifted to Buy at BidaskClub (overnewsmagazine.com)
Several equities research analysts have recently issued reports on the company. BidaskClub downgraded Calgon Carbon Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday. Sidoti reaffirmed a “buy” rating and issued a $20.00 price target (up from $18.00) on shares of Calgon Carbon Corporation in a research report on Wednesday, July 12th. Janney Montgomery Scott downgraded Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $16.00 in a research report on Thursday, July 13th. Zacks Investment Research cut shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, ValuEngine upgraded shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.20.
Calgon Carbon Corporation (NYSE:CCC) last issued its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.14. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. The company had revenue of $153 million during the quarter, compared to the consensus estimate of $151.18 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. Equities research analysts predict that Calgon Carbon Corporation will post $0.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, August 31st. Calgon Carbon Corporation’s dividend payout ratio (DPR) is presently 133.33%.
In other news, Director J Rich Alexander sold 5,251 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $14.25, for a total transaction of $74,826.75. Following the completion of the sale, the director now owns 24,183 shares of the company’s stock, valued at approximately $344,607.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.32% of the company’s stock.
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About Calgon Carbon Corporation
Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.
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